KIB a bank that operates according to the Islamic Shari’ah from 1st of July 2007, is a public quoted company.  It was incorporated in 1973 and was originally known as the Kuwait Real Estate Bank. As an Islamic bank, KIB’s business covers all banking services including Acceptance of Deposits, Financing Transactions, Direct Investment, Murabaha (auto, real estate and commodities), Ijara Muntahia Bittamleek (Lease-to-own) , Istisna’a, Tawarruq, Credit Cards, Wakala and other products. Corporate projects and finance, Treasury Services, Issuing Letters of Credit (L/Cs), Letter of Guarantee (L/Gs) and Real Estate Dealings and Management of Properties.

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Since you didn’t provide a specific link for the KIB (Kuwait International Bank) article, I have summarized the latest general trends and news regarding KIB’s digital transformation and services into a news format:

KIB Leads Digital Banking Revolution in Kuwait with Innovative Solutions

KUWAIT CITY: Kuwait International Bank (KIB) continues to solidify its position as a leader in the Islamic banking sector by accelerating its digital transformation strategy. Aiming to redefine the banking experience, KIB has introduced a suite of high-tech services designed to provide customers with seamless, 24/7 access to Sharia-compliant financial solutions.

A central pillar of this growth is the newly enhanced KIB Mobile App. The bank has focused on creating a “customer-centric” interface that allows users to open accounts, manage investments, and apply for financing instantly without visiting a branch. This shift aligns with Kuwait’s Vision 2035 to build a robust digital economy.

Beyond retail banking, KIB is making significant strides in supporting the local business ecosystem. By offering specialized corporate banking tools and real estate consultancy, the bank is helping small to medium enterprises (SMEs) navigate the current market. Their expertise in real estate appraisal remains a standout service in the Kuwaiti market, providing transparency and accuracy for investors.

KIB’s commitment to innovation was recently recognized through several international awards, highlighting its excellence in “Customer Experience” and “Digital Islamic Banking.” Moving forward, the bank aims to integrate AI-driven insights to offer personalized financial planning for its diverse client base, including expatriates and young Kuwaiti entrepreneurs.

JOB VACANCIES

Specialist – PurchasingRequisition ID: 1142 – Head Office

Sr. AuditorRequisition ID: 852 – Head Office

AuditorRequisition ID: 953 – Head Office

Sr. Auditor

ROLE OBJECTIVEROLE OBJECTIVE                     ROLE OBJECTIVE

To perform the audits assigned in accordance with the prescribed audit plans and procedures and present findings to the Audit Manager or Assistant Manager with appropriate recommendations.

 

DETAILED DUTIES AND RESPONSIBILITIES

OPERATIONAL

• Performs audit procedures as part of a team, in accordance with the approved Audit Programme, and in areas designated by the Audit Manager or Assistant Manager.
• Confers with Auditees in designated areas to carry out compliance tests and obtain information required for inclusion in the Audit Report.
• Prepares reports on audit findings and formulates recommendations for review by the Audit Manager or Assistant Manager.
• Prepares audit notes for circulation to Auditees, following review by superior, seeking responses to points raised.
• Assists in the preparation of the final Audit Report following the receipt of auditee responses.
• Completes the Audit Work File at each stage of the audit process to ensure progress is tracked and monitored.

KEY INTERACTIONS

Internal:

• Department Heads
• Division Heads
• Operating Staff in Departments

BEHAVIORAL SKILLS AND KNOWLEDGE

Educational Qualifications:

• Bachelor of Commerce Degree, or equivalent.
• CIA

Experience:

• • 5 years internal auditing experience in the banking sector.
  • Fluency in written and spoken English.
  • Computer literate with a working knowledge of commonly used word processing and spreadsheet software applications.
  • Good knowledge of accounting procedures.
  • Good interpersonal skills
  Behavioral Skills
  • Analytical thinking
  • Organization awareness
  • Commitment to the Bank
  • Respect for others
  • Team working

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Specialist – Purchasing (1142)

Role Description

Purchasing Specialist:  Manage daily procurement tasks, ensure timely processing of purchase orders, and maintain a seamless order-to-delivery process, engaging with internal customers to understand and satisfy their procurement needs while ensuring compliance with policies and procedures.

Detailed Duties and Responsibilities

STRATEGIC
• Operational Efficiency Proposals: Suggest ways to make the purchasing process more efficient.
• Cost-saving Initiatives: Advocate for and identify potential cost-saving measures with POs.
• Collaboration Enhancements: Propose tools and methods for better collaboration within and outside the purchasing team.
• Supplier Relationship Enhancement: Propose ways to strengthen relationships with key suppliers in collaboration with Fulfilment team.

OPERATIONAL
• Excellent service delivery PRs within agreed timeline.
• Ensure to complete all pending PRs within agreed timeline/SLA.
• Order Placement: Place and monitor orders based on requirements.
• Supplier Interaction: Engage with suppliers for day-to-day procurement tasks.
• Contract Adherence: Ensure orders align with established contract terms.
• Process Adherence: Ensure adherence to established purchasing procedures and policies.
• Reporting: Generate and share regular reports on procurement tasks and activities.
• Team Collaboration: Collaborate efficiently with the purchasing team and other relevant departments.

PEOPLE MANAGEMENT
• Support Procurement Head & Purchasing Manager in all requested tasks and support/guide Junior Purchasing Officer in tasks and projects

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